NYSE:BLND

Blend Labs (BLND) Stock Forecast, Price & News

$1.05

+0.04 (+3.96%)

(As of 06/2/2023 ET)

Compare

Today's Range: $0.98
▼
$1.07
50-Day Range: $0.55
▼
$1.11
52-Week Range: $0.53
▼
$3.85

Volume: 898,291 shs
Average Volume: 1.45 million shs
Market Capitalization: $244.97 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.24

Blend Labs MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 100.0% Downside
$0.00 Price Target
Short Interest: Bearish
10.24% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.25
Based on 4 Articles This Week
Insider Trading: Selling Shares
$443,607 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.77) to ($0.55) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

0.88 out of 5 stars

Computer And Technology Sector

435th out of 609 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

36th out of 60 stocks

0.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $0.00, Blend Labs has a forecasted downside of 100.0% from its current price of $1.05.
Amount of Analyst Coverage
Blend Labs has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
10.24% of the float of Blend Labs has been sold short.
Short Interest Ratio / Days to Cover
Blend Labs has a short interest ratio ("days to cover") of 8.4.
Change versus previous month
Short interest in Blend Labs has recently increased by 36.68%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Blend Labs does not currently pay a dividend.
Dividend Growth
Blend Labs does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BLND.

2.4

News and Social Media Coverage

News Sentiment
Blend Labs has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Blend Labs this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for BLND on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
1 people have added Blend Labs to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blend Labs insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $443,607.00 in company stock.
Percentage Held by Insiders
15.57% of the stock of Blend Labs is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.42% of the stock of Blend Labs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Blend Labs are expected to grow in the coming year, from ($0.77) to ($0.55) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blend Labs is -0.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Blend Labs is -0.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Blend Labs has a P/B Ratio of 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Blend Labs (NYSE:BLND) Stock

Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It also provides a suite of mortgage products that facilitates homeownership journey for consumers comprising close, income verification for mortgage, homeowners insurance, and realty. In addition, the company offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and professional and consulting services. It serves banks, credit unions, financial technology companies, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.

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BLND Stock News Headlines

June 1, 2023 | finance.yahoo.com

Blend to Participate in the Piper Sandler Global Exchange & Fintech Conference

May 27, 2023 | americanbankingnews.com

Blend Labs, Inc. (NYSE:BLND) Given Average Rating of "Hold" by Analysts

June 3, 2023 | Behind the Markets (Ad)

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May 25, 2023 | finance.yahoo.com

Nations Lending Chooses Blend to Streamline the Mortgage Origination Process

May 23, 2023 | finance.yahoo.com

Blend Announces Availability of Soft Credit Functionality

May 14, 2023 | insidermonkey.com

Blend Labs, Inc. (NYSE:BLND) Q1 2023 Earnings Call Transcript

May 11, 2023 | finance.yahoo.com

Composable Tech Is Growing At An Estimated 50.4% Annually - This Fintech Is Aiming To Capture More Of That Market With Its New Composable Origination Tech

May 10, 2023 | markets.businessinsider.com

7 Analysts Have This to Say About Blend Labs

June 3, 2023 | Behind the Markets (Ad)

⚡ 2,467% Return on Israeli Laser Company?

May 10, 2023 | msn.com

Piper Sandler Maintains Blend Labs Inc - (BLND) Neutral Recommendation

May 10, 2023 | finanznachrichten.de

Blend Labs, Inc. Announces First Quarter 2023 Financial Results

May 9, 2023 | msn.com

Recap: Blend Labs Q1 Earnings

May 9, 2023 | finance.yahoo.com

Blend Labs (BLND) Reports Q1 Loss, Tops Revenue Estimates

May 9, 2023 | finance.yahoo.com

Blend Announces First Quarter 2023 Financial Results

May 8, 2023 | benzinga.com

Preview: Blend Labs's Earnings

May 8, 2023 | americanbankingnews.com

Blend Labs (BLND) to Release Earnings on Tuesday

May 4, 2023 | finance.yahoo.com

Blend Receives Continued Listing Standard Notice from NYSE

May 4, 2023 | finance.yahoo.com

Blend Labs, Inc.'s (NYSE:BLND) latest 20% decline adds to one-year losses, institutional investors may consider drastic measures

May 3, 2023 | finance.yahoo.com

Banks Risk Losing Deposits In The Great Wealth Transfer As Millennials Flock To Digital Financial Services - Blend Is Helping Them Get Younger Customers Back

May 3, 2023 | americanbankingnews.com

Blend Labs, Inc. (NYSE:BLND) Insider Nima Ghamsari Sells 230,770 Shares of Stock

May 2, 2023 | finanznachrichten.de

Blend Labs Inc.: Financial Institutions Are Facing A Crisis Of Confidence - Here's How Some Banks Are Building Trust Among Anxious Consumers

April 30, 2023 | americanbankingnews.com

Brokerages Set Blend Labs, Inc. (NYSE:BLND) Price Target at $2.52

April 28, 2023 | msn.com

Goldman Sachs Maintains Blend Labs Inc - (BLND) Buy Recommendation

April 26, 2023 | finance.yahoo.com

Blend to Announce First Quarter 2023 Financial Results on May 9, 2023

April 25, 2023 | finance.yahoo.com

Atlantic Coast Mortgage Streamlines eClosings with Blend

April 24, 2023 | benzinga.com

1BLND : Banks Risk Losing Deposits In The Great Wealth Transfer As Millennials Flock...

April 22, 2023 | americanbankingnews.com

Critical Review: DigitalOcean (NASDAQ:DOCN) versus Blend Labs (NYSE:BLND)

See More Headlines

BLND Price History

30 days | 90 days | 365 days | Advanced Chart

BLND Company Calendar

Last Earnings: 3/16/2023
Today: 6/03/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:BLND
CUSIP: N/A
CIK: 1855747
Web: www.blend.com
Phone: 650-550-4810
Fax: N/A
Employees: 1,546
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $0.00
High Stock Price Forecast: $0.00
Low Stock Price Forecast: $10,000,000.00
Forecasted Upside/Downside: +113.5%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.26)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-720,170,000.00
Net Margins: -379.35%
Pretax Margin: -376.57%
Return on Equity: -172.11%
Return on Assets: -58.50%

Debt

Debt-to-Equity Ratio: 3.05
Current Ratio: 8.77
Quick Ratio: 8.77

Sales & Book Value

Annual Sales: $235.20 million
Price / Sales: 1.04
Cash Flow: $0.81 per share
Price / Cash Flow: 1.29
Book Value: $0.31 per share
Price / Book: 3.39

Miscellaneous

Outstanding Shares: 233,300,000
Free Float: 196,975,000
Market Cap: $244.97 million
Optionable: Not Optionable
Beta: 0.37

Key Executives

Mr. Nima Ghamsari (Age 37)
Co-Founder, Chairman, CEO & Head of Blend
Comp: $326.25k

Mr. Timothy J. Mayopoulos (Age 64)
Pres & Director
Comp: $1.01M

Mr. Erin James Collard (Age 43)
Co-Founder & Director

Ms. Crystal Sumner (Age 39)
Head of Legal, Compliance and Risk & Corp. Sec.
Comp: $376.35k

Mr. Rosco Hill
Co-Founder

Mr. Marc S. Greenberg (Age 52)
Head Of Fin. and Facilities & Principal Financial Officer

Mr. Sebastian Joll
Head of Customer Success & Operations

Mr. Manish Gupta (Age 51)
Controller & Principal Accounting Officer

Mr. Dan L. Smith
Head of Treasury & Investor Relations

Mr. Naman Khan
Head of Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BLND Stock - Frequently Asked Questions

Should I buy or sell Blend Labs stock right now?: 0 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blend Labs in the last twelve months. There are currently for the stock. The consensus among Wall Street research analysts is that investors should "n/a" BLND shares.
View BLND analyst ratings or view top-rated stocks.
What is Blend Labs' stock price forecast for 2023?: 0 Wall Street research analysts have issued 12 month price targets for Blend Labs' stock. Their BLND share price forecasts range from $10,000,000.00 to $0.00. On average, they expect the company's stock price to reach $0.00 in the next year. This suggests that the stock has a possible downside of 100.0%.
View analysts price targets for BLND or view top-rated stocks among Wall Street analysts.
How have BLND shares performed in 2023?: Blend Labs' stock was trading at $1.44 at the beginning of 2023. Since then, BLND stock has decreased by 27.1% and is now trading at $1.05.
View the best growth stocks for 2023 here.
Are investors shorting Blend Labs?: Blend Labs saw a increase in short interest in April. As of April 30th, there was short interest totaling 11,070,000 shares, an increase of 5.6% from the April 15th total of 10,480,000 shares. Based on an average daily volume of 1,820,000 shares, the short-interest ratio is currently 6.1 days. Currently, 7.2% of the company's stock are sold short.
View Blend Labs' Short Interest.
When is Blend Labs' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our BLND earnings forecast.
How were Blend Labs' earnings last quarter?: Blend Labs, Inc. (NYSE:BLND) issued its earnings results on Thursday, March, 16th. The company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $0.15. The firm earned $42.79 million during the quarter, compared to analyst estimates of $44.60 million. Blend Labs had a negative trailing twelve-month return on equity of 172.11% and a negative net margin of 379.35%.
What ETFs hold Blend Labs' stock?: ETFs with the largest weight of Blend Labs (NYSE:BLND) stock in their portfolio include Global X FinTech Thematic ETF (FINX),
What guidance has Blend Labs issued on next quarter's earnings?: Blend Labs issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $39.50 million-$41.00 million, compared to the consensus revenue estimate of $39.96 million.

When did Blend Labs IPO?: (BLND) raised $340 million in an initial public offering on Friday, July 16th 2021. The company issued 20,000,000 shares at $16.00-$18.00 per share.
What is Blend Labs' stock symbol?: Blend Labs trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLND."
Who are Blend Labs' major shareholders?: Blend Labs' stock is owned by a number of institutional and retail investors. Top institutional investors include General Atlantic L.P. (8.20%), BlackRock Inc. (5.10%), ShawSpring Partners LLC (4.45%), State Street Corp (1.65%), Geode Capital Management LLC (1.40%) and FMR LLC (0.72%). Insiders that own company stock include Crystal Sumner, Jonathan Y Chan, Nima Ghamsari and Timothy J Mayopoulos.
View institutional ownership trends.
How do I buy shares of Blend Labs?: Shares of BLND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Blend Labs' stock price today?: One share of BLND stock can currently be purchased for approximately $1.05.
How much money does Blend Labs make?: Blend Labs (NYSE:BLND) has a market capitalization of $244.97 million and generates $235.20 million in revenue each year. The company earns $-720,170,000.00 in net income (profit) each year or ($3.26) on an earnings per share basis.
How many employees does Blend Labs have?: The company employs 1,546 workers across the globe.
How can I contact Blend Labs?: Blend Labs' mailing address is 415 KEARNY ST., SAN FRANCISCO CA, 94108. The official website for the company is www.blend.com. The company can be reached via phone at 650-550-4810 or via email at ir@blend.com.

This page (NYSE:BLND) was last updated on 6/3/2023 by MarketBeat.com Staff

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